Goldman Sachs Group Inc. lowered its position in shares of Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) by 46.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 62,905 shares of the restaurant operator’s stock after selling 54,276 shares during the period. Goldman Sachs Group Inc. owned approximately 0.23% of Fiesta Restaurant Group worth $1,522,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Louisiana State Employees Retirement System boosted its stake in Fiesta Restaurant Group by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the restaurant operator’s stock worth $266,000 after buying an additional 200 shares during the last quarter. Arizona State Retirement System boosted its stake in Fiesta Restaurant Group by 1.4% in the first quarter. Arizona State Retirement System now owns 14,000 shares of the restaurant operator’s stock worth $339,000 after buying an additional 200 shares during the last quarter. Mason Street Advisors LLC boosted its stake in Fiesta Restaurant Group by 7.7% in the first quarter. Mason Street Advisors LLC now owns 6,295 shares of the restaurant operator’s stock worth $152,000 after buying an additional 450 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in Fiesta Restaurant Group by 6.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 9,220 shares of the restaurant operator’s stock worth $223,000 after buying an additional 560 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in Fiesta Restaurant Group by 1.7% in the first quarter. Legal & General Group Plc now owns 46,910 shares of the restaurant operator’s stock worth $1,134,000 after buying an additional 762 shares during the last quarter. Hedge funds and other institutional investors own 93.58% of the company’s stock.

Shares of Fiesta Restaurant Group, Inc. (NASDAQ:FRGI) traded up 10.68% on Tuesday, reaching $18.65. 408,627 shares of the company were exchanged. Fiesta Restaurant Group, Inc. has a 52 week low of $15.60 and a 52 week high of $30.65. The firm’s 50 day moving average price is $19.44 and its 200 day moving average price is $22.86. The stock’s market capitalization is $499.58 million.

Fiesta Restaurant Group (NASDAQ:FRGI) last released its earnings results on Monday, August 7th. The restaurant operator reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.33 by $0.03. The company had revenue of $172.62 million for the quarter, compared to analysts’ expectations of $178.19 million. Fiesta Restaurant Group had a positive return on equity of 12.01% and a negative net margin of 1.16%. The firm’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.34 EPS. Equities research analysts anticipate that Fiesta Restaurant Group, Inc. will post $1.08 EPS for the current year.

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A number of equities research analysts have recently commented on the stock. BidaskClub cut shares of Fiesta Restaurant Group from a “sell” rating to a “strong sell” rating in a report on Sunday, July 16th. Stephens downgraded shares of Fiesta Restaurant Group from an “overweight” rating to an “equal weight” rating and set a $25.00 price objective on the stock. in a research report on Tuesday, May 9th. Canaccord Genuity restated a “hold” rating and set a $25.00 price objective on shares of Fiesta Restaurant Group in a research report on Tuesday, May 9th. Zacks Investment Research downgraded shares of Fiesta Restaurant Group from a “hold” rating to a “strong sell” rating in a research report on Monday, July 10th. Finally, Raymond James Financial, Inc. restated a “market perform” rating on shares of Fiesta Restaurant Group in a research report on Monday, July 24th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $26.17.

In other Fiesta Restaurant Group news, Director Brian P. Friedman acquired 12,087 shares of the company’s stock in a transaction dated Wednesday, May 10th. The shares were acquired at an average cost of $22.02 per share, with a total value of $266,155.74. Following the acquisition, the director now directly owns 32,681 shares of the company’s stock, valued at $719,635.62. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Brian P. Friedman acquired 309,115 shares of the company’s stock in a transaction dated Friday, June 9th. The stock was acquired at an average cost of $21.12 per share, for a total transaction of $6,528,508.80. Following the completion of the acquisition, the director now directly owns 36,270 shares in the company, valued at $766,022.40. The disclosure for this purchase can be found here. Insiders bought a total of 351,595 shares of company stock worth $7,451,569 over the last ninety days. Insiders own 2.20% of the company’s stock.

Fiesta Restaurant Group Company Profile

Fiesta Restaurant Group, Inc owns, operates and franchises two fast-casual restaurant brands, Pollo Tropical and Taco Cabana through its subsidiaries Pollo Operations, Inc, and its subsidiaries, and Pollo Franchise, Inc, (collectively Pollo Tropical) and Taco Cabana, Inc and its subsidiaries (collectively Taco Cabana).

Institutional Ownership by Quarter for Fiesta Restaurant Group (NASDAQ:FRGI)

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